Home | News    Monday 18 August 2014

Sudanese consumers hit by spiralling food prices

separation
increase
decrease
separation
separation

August 17, 2014 (KHARTOUM) – Sudanese markets are witnessing a new wave of price increases to food commodities despite the stability of the exchange rate against the US dollar at around 9.5 pounds (SDG).

JPEG - 41 kb
FILE - Men wait to buy meat at the market in Khartoum, Sudan (REUTERS/Mohamed Nureldin Abdallah)

The prices of cooking oils went up along with onions, meat, milk and dairy products, which prompted the government to reduce the tax on imported oil by 30% in an attempt to rein in prices.

The price of a 16kg can of peanut oil rose to 550 SDG up from 170 SDG, while other kinds of cooking oils reached 450 SDG, with the exception of sesame oil which hit 800 SDG.

The Sudanese cabinet announced last Thursday that at the recommendation of the minister of finance and national economy that they are reducing the tax on cooking oils from 40 to 10% except palm oil.

The pro-government al-Rayaam newspaper quoted the chamber of industrial oils as blaming the government for the high oil prices and noting that it alerted the authorities three months ago about the looming crisis.

The chairman of the chamber said the situation is a result of speculation in the grain market as well as monopoly.

Head of the Chamber of Exporters Union Wagdy Mirghani hailed the cabinet decision, calling it a positive move and expressing hope that it will contribute to eliminating the shortage and return prices to normal levels.

He also denied any link between exports of oilseeds and the current crisis in cooking oil.

According to a bulletin issued by the Central Bureau of Statistics this month, the annual inflation rate in Sudan reached 46.8% in July, compared to 45.3% in June and 42% in May.

The International Monetary Fund (IMF) said in a report released last month that inflation is expected to drop sharply in 2014 to 18%, compared to 41.9% in 2013.

Double-digit inflation has been one of the most visible features of the Sudanese economy in recent years which suffered a shock after the secession of South Sudan which contained three quarters of oil reserves.

To makes matters worse, the government phased out subsidies twice in 2012 and 2013 on petroleum and food products, triggering demonstrations that were swiftly quelled.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 24 August 2014 11:55, by ForAll

    New Sudanese generation is fed by hypocrisy and they eager to cheat their brothers and sisters in the market.

    repondre message

Comment on this article


 
 

The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


On the need to redefine Pan-Africanism from Nkrumah to Museveni 2015-05-21 07:11:10 By Trayo A. Ali “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change”- Charles Darwin May 25th is African Day. On May 25-2015 the (...)

Will Sudan allow rights experts to do their job? 2015-05-14 06:50:04 By Jehanne Henry Sudan is set to receive not just one, but three visits from international human rights experts this month: the United Nations special rapporteur on violence against women and (...)

Chaos in Libya poses big threat to Sudan and Egypt 2015-05-13 05:56:16 By Amira Khair Speaking to journalists after briefing the Security Council Mr. Bernardo Leon, special representative of the secretary general to Libya, said "chaos in Libya is a huge problem not (...)


MORE






Latest Press Releases


HRW calls to stop arbitrary detention in Sudan 2015-04-30 21:53:00 Sudan: Surge in Detention, Beatings, Around Elections Free Those Held Arbitrarily; Investigate Abuses (Nairobi, April 29, 2015) – Security forces in Sudan<https://www.hrw.org/africa/sudan> (...)

Sudan’s 2015 Elections: A huge step in democratic consolidation 2015-04-22 13:12:25 EMBASSY OF THE REPUBLIC OF THE SUDAN 3 CLEVELAND ROW, ST.JAMES'S LONDON SW1A 1DD TEL: 020-7839 8080 PRESS AND INFORMATION RELEASE (2/2015) Sudan’s 2015 Elections: A Huge Step in Democratic (...)

Sudanese security arrest rights defender Adil Bakheit 2015-04-18 08:04:21 FRONT-LINE DEFENDRSPress StatementSudan Human rights defender Adil Bakheit arrested Human rights defender Mr Adil Bakheit was arrested on 16 April 2015 by the National Intelligence and Security (...)


MORE

Copyright © 2003-2015 SudanTribune - All rights reserved.